LOADING ERROR LOADINGWASHINGTON (AP) —American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars. The unemployment rate remained at a low 4.2%, the Labor Department reported Friday. “The labor market refuses to buckle in the face of trade war uncertainty,’’ Christopher Rupkey, chief economist at fwdbonds, a financial markets research firm. We foresee the unemployment rate rising toward 5% in 2025.’’Trump’s policies have shaken financial markets and frightened consumers. “So for now, the unemployment rate and the number of people filing claims for jobless benefits every week remain low by historical standards.

Source: Huffington Post May 02, 2025 19:32 UTC